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Jun 03 - 03:55 AM

GBP/USD - Stuck On A Pivot Point Versus The Dollar

By Peter Stoneham  —  Jun 03 - 02:20 AM
  • Last week's volatility between 1.2801-1.2681 lapses into early Mon weakness

  • We remain short from 1.2720 for 1.2540 with a 1.2810 stop

  • Sterling is pivoting around the 10-DMA, today at 1.2728

  • Daily positive momentum is fading and RSI is turning over

  • A late June 1.2561-81 cloud twist showing up on the daily chart

  • Twist could pull on sterling through June

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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